Improving Employment Numbers
Stats Canada announced some improving numbers for February in the world of Employment, which bodes well for the economy, but also points towards a recovery, which will cause the government to maybe get out of the way, by lowering their intervention, but also have them stop making money so easy to get (i.e. upward pressures on interest rates). This seems to be the opinion from a few folks about these numbers.
Underlying February’s employment change was a notable gain in full-time work (+60,000), which was partially offset by a decline in part time (-39,000). Since the summer of 2009, employment growth has been all in full time.
On Going Employment Graph
Employment Better for Over 55
An interesting figure is that employment for folks over the age of 55 was one of the biggest growth areas in February. This means lots of older folks, who maybe should be thinking about retirement are actually going out and getting jobs?
Employment for men and women aged 55 and over has been trending up for a number of years, the result of employment growth combined with more people moving into that age group.
Yes we are all getting older, but why are we looking for jobs? Guess we need to save a little more for our retirement?
Unemployment Down Too
This month the unemployment numbers trended down, which is good as well.
Big Picture Graph for Unemployment
The Big Table
And here is the big table to ogle for more information:
| Jan 2010 |
Feb 2010 |
Jan to Feb 2010 |
Feb 2009 to Feb 2010 |
Jan to Feb 2010 |
Feb 2009 to Feb 2010 |
|
|---|---|---|---|---|---|---|
| Seasonally adjusted | ||||||
| thousands | change in thousands | % change | ||||
| Both sexes, 15 years and over | ||||||
| Population | 27,522.2 | 27,555.8 | 33.6 | 394.6 | 0.1 | 1.5 |
| Labour force | 18,456.1 | 18,464.7 | 8.6 | 151.2 | 0.0 | 0.8 |
| Employment | 16,924.4 | 16,945.3 | 20.9 | 87.7 | 0.1 | 0.5 |
| Full-time | 13,678.6 | 13,738.8 | 60.2 | 98.3 | 0.4 | 0.7 |
| Part-time | 3,245.8 | 3,206.5 | -39.3 | -10.6 | -1.2 | -0.3 |
| Unemployment | 1,531.7 | 1,519.4 | -12.3 | 63.4 | -0.8 | 4.4 |
| Participation rate | 67.1 | 67.0 | -0.1 | -0.4 | … | … |
| Unemployment rate | 8.3 | 8.2 | -0.1 | 0.2 | … | … |
| Employment rate | 61.5 | 61.5 | 0.0 | -0.6 | … | … |
| Part-time rate | 19.2 | 18.9 | -0.3 | -0.2 | … | … |
| Youths, 15 to 24 years | ||||||
| Population | 4,401.2 | 4,401.5 | 0.3 | 14.1 | 0.0 | 0.3 |
| Labour force | 2,850.7 | 2,849.6 | -1.1 | -55.9 | 0.0 | -1.9 |
| Employment | 2,421.3 | 2,417.1 | -4.2 | -62.2 | -0.2 | -2.5 |
| Full-time | 1,275.9 | 1,274.7 | -1.2 | -65.0 | -0.1 | -4.9 |
| Part-time | 1,145.4 | 1,142.4 | -3.0 | 2.8 | -0.3 | 0.2 |
| Unemployment | 429.4 | 432.5 | 3.1 | 6.3 | 0.7 | 1.5 |
| Participation rate | 64.8 | 64.7 | -0.1 | -1.5 | … | … |
| Unemployment rate | 15.1 | 15.2 | 0.1 | 0.5 | … | … |
| Employment rate | 55.0 | 54.9 | -0.1 | -1.6 | … | … |
| Part-time rate | 47.3 | 47.3 | 0.0 | 1.3 | … | … |
| Men, 25 years and over | ||||||
| Population | 11,309.1 | 11,325.7 | 16.6 | 193.0 | 0.1 | 1.7 |
| Labour force | 8,242.1 | 8,248.7 | 6.6 | 94.2 | 0.1 | 1.2 |
| Employment | 7,592.3 | 7,622.2 | 29.9 | 78.9 | 0.4 | 1.0 |
| Full-time | 7,004.3 | 7,042.6 | 38.3 | 83.0 | 0.5 | 1.2 |
| Part-time | 588.0 | 579.6 | -8.4 | -4.1 | -1.4 | -0.7 |
| Unemployment | 649.8 | 626.6 | -23.2 | 15.4 | -3.6 | 2.5 |
| Participation rate | 72.9 | 72.8 | -0.1 | -0.4 | … | … |
| Unemployment rate | 7.9 | 7.6 | -0.3 | 0.1 | … | … |
| Employment rate | 67.1 | 67.3 | 0.2 | -0.5 | … | … |
| Part-time rate | 7.7 | 7.6 | -0.1 | -0.1 | … | … |
| Women, 25 years and over | ||||||
| Population | 11,811.9 | 11,828.5 | 16.6 | 187.4 | 0.1 | 1.6 |
| Labour force | 7,363.3 | 7,366.4 | 3.1 | 112.8 | 0.0 | 1.6 |
| Employment | 6,910.8 | 6,906.1 | -4.7 | 71.1 | -0.1 | 1.0 |
| Full-time | 5,398.5 | 5,421.6 | 23.1 | 80.4 | 0.4 | 1.5 |
| Part-time | 1,512.4 | 1,484.5 | -27.9 | -9.3 | -1.8 | -0.6 |
| Unemployment | 452.5 | 460.3 | 7.8 | 41.7 | 1.7 | 10.0 |
| Participation rate | 62.3 | 62.3 | 0.0 | 0.0 | … | … |
| Unemployment rate | 6.1 | 6.2 | 0.1 | 0.4 | … | … |
| Employment rate | 58.5 | 58.4 | -0.1 | -0.3 | … | … |
| Part-time rate | 21.9 | 21.5 | -0.4 | -0.4 | … | … |
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